PANews reported on April 26 that CryptoQuant officially released an article by analyst Avocado, pointing out that although Bitcoin has rebounded more than 20% from its recent lows, the funding rate of Binance contracts is still in the negative range. Current investor sentiment and price trends indicate that Bitcoin is likely to break through its previous historical highs.
Note: When the funding rate is positive, long positions need to pay funding to short positions. When the rate is negative, short positions need to pay funding to long positions.
